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Save Time and Money and Reduce Risk on Your Global Business Transactions
Enjoy the flexibility of managing your foreign currency inflows and outflows without having to convert currency for each transaction.
Monthly Fee: $25.00
Minimum Balance: None
Locate a Branch Near You
Find a Branch
Call our 24/7 Business Helpline
1-800-769-2520This Account May Be Right for Your Business If:
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Your business makes and receives payments outside of Canadian and U.S. dollars
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You want to control when you convert your foreign currency
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You want the convenience of managing your account online
Account Details
Take Advantage of Favourable Rates
Hold your foreign currency and convert when you choose to. Also, get more favourable exchange rates by converting larger amounts.
Transact in Currency You Are Doing Business In
A Foreign Currency Account allows you to make and accept payments in the currency you are doing business in and save on foreign exchange conversion costs by not having to buy or sell foreign exchange with every transaction.
No Minimum Balance Required
There’s no commitment to hold a certain balance level on your account.
Additional Details
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Choose Your Currency: Initiate wire payments and transfer funds between your accounts in the currency of your choice.
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Save Time Making Recurring Wire Payments: Simply create a repetitive template to easily set up future payments.
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Keep Track of It All: Export reports quickly and accurately to Excel, CSV, XML.
Fee Details
Monthly Fee: $25.00
1 free debits per month
View Full Pricing ChartCredit or Debits
| Transaction - Credit or Debits | Fee |
|---|---|
| Account transfer | $10.00 CDN |
| Incoming wire | $17.00 CDN |
| Incoming transfer from RBC Royal Bank CAD/USD account | $10.00 CDN |
| Interim statement (ad hoc or regularly scheduled) | $6.00 CDN |
| Reporting of balances & transactions monthly to another financial institution | $150.00 CDN for set-up;
$80.00 CDN $0.035 CDN per transaction |
| Negative interest charge on foreign currency account balances denominated in Euro currency | 0.00% per annum1 |
| Negative interest charge on foreign currency account balances denominated in Japanese Yen | 1.00% per annum1 |
| Negative interest charge on foreign currency account balances denominated in Swiss Francs | 0.00% per annum1 |
| Negative interest charge on foreign currency account balances denominated in Danish Krone | 0.00% per annum1 |
Unless otherwise agreed, RBC Royal Bank will not pay interest on balances held in an account. RBC Royal Bank may at any time, in its sole discretion and upon prior notice to the customer, charge interest on deposits to the accounts.
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